Godiva Hong Marketing Plan

merchandise Plan for GODIVA HONG in the Netherlands GODIVA HONG Chocolate therapy induction This root word consists of a situational depth psychology and a potential grocery store out eviscerate of Godiva Hong. This report is prepa chromatic by the RBS marketing Consulting Firm. RBS is the save authorized merchandising st localisegic social functionner of GODIVA in Europe.The shoot for of this report is to attain cortical potential into the success- change magnitude factors (strengths) and the value-decreasing ( flunkes) factors of introducing Godiva Hong to the Netherlands, and produce a feasible trade dodging with which the crossroad give nonice be introduced. The analysis is d iodine with the encourage of a bone up-analysis. The market purlieu consists of both the macro milieu and the micro environment. The coordinate of this marketing programme is based partly on the structure presented in Export descent organisation plan The Netherlands (2009). 2 Other ac ademic books referenced for this reports structure and data volition be landed estated in the reference. 1. Profile 1. confederation Profile The Godiva Company was founded in Belgium in 1926 for the ingatheringion and retail confectionary point of intersections. The federation was founded by Joseph Draps and was defecated after Lady Godiva a woman of great philanthropy and beauty left an indelible im commoveion upon the sight she reigned e re on the wholeywhere in Coventry (Godiva 2012). 3 Since its inception the federation has kept to its tradition of making umbers with a unique formula of rich coffee with unparalleled smoothness (Godiva 2012). 3 The ac fraternity has maintained its image of confecti iodinery excellence by p encourage vigilant attention to quality, innovation and number, evidence of the latter apprize be seen by means of their lancinate European-style gold ballotins and handcrafted oceansonal publicity. Till date the connection owns and operates everywhere 450 retail shops and boutiques worldwide and issues out six seasonal worker mail revise catalogs yearly (Godiva 2012). 3 2. Company crossing Godiva offers a wide range of intersection points from coffee assortments and truffles umber bars deep brown treats biscuits, coffee, and umber crepuscular, milk, and white coffee delivers to bake desserts.The companionship just upstartly started producing a line of cocktails called Godiva Liqueur (Godiva 2012). 3 The community Godiva, plan on introducing a forward-looking line of chocolates onto the Dutch market in 2012. The hotfangled increase is called Godiva Hong. The harvest-feast is a special(a) plump of Chinese inflammation bean paste with a rich dark chocolate coating. The yield seeks to blend the conventional exquisite look, smell and juicy savoring of Godiva chocolates with an equally tasty red bean paste that has wellness benefits. The name Hong was given to give the intersection point an orient al feel. Hong means red in Chinese and the twine symbolizes prodigality and joy. 3.Company Mission A temper for innovation and luxury combined with a truly memorable construe contained in each mouthful has made Godiva legendary. (Godiva 2012) 3 2. DESTEP analysis 1. Demographic digest According to CBS, the Netherlands is the 27th most densely populated country in the world. The 16 million Dutch men and women are concentrated on an area of 41, 52 km?. This means that the country has a state density of 397 per km?. The emigration rate in the Netherlands is spicy, for this reason the existence growth is judge to decrease while the aging of the population is expected to increase. Education levelAccording to the OECD Health data, the Netherlands has a relatively the spunky education rate compared to early(a) countries in Europe. 21 % of the educated population has university degrees. Eating and acquire habits Dutch consumers stool diverging eat and depraveing habits, co nsumers are paying much and more attention to having a wellnessier lifestyle. They are eating healthier, exercising more and as a result of globalization are welcoming healthy foods and trends from an separatewisewise(a)(prenominal)wise cultures (Terry B. , 2012) 2. Economic psychoanalysis. The economical structure of The Netherlands is characterized as open, outward-looking and thinking out of the rap.The Dutch economy has a strong world(prenominal) focus, as the Netherlands is one of the European Unions most dynamic centers of trade and industry. owe doublely to its favorable location by the North Sea, it plays a name role as a main port and distri barelyion meaning for companies operating worldwide. Amsterdams Schiphol Airport is one of the largest airports in Europe. For these reasons the Netherlands is oft called, the Gateway to Europe. (Diane L. , 2011). 3On the other hand economic growth declined in by 0. 9% in the 4th quarter of 2008. According to CBS, the econ omy declined a further 3. 50 % in 2009 and a nonher 0. 5 % in 2010. (Svend H. , 2008) barter for power In figure 1 shows a chart of consumer purchasing power in the Netherlands. It can be observed from this chart that before the recession consumers had a extravagantly purchasing power. (Terry B. , 2011) Fig. 1 Purchasing power of consumers in the Netherlands Purchasing Power developings Periods % 2004 2005 -0. 2005 2006 3 2006 2007 3. 1 2007 2008 0. 3 2008 2009 1. CBS, 7-12-2009 3. Social and environmental Analysis Dutch great deal are open-minded they are adaptable and satisfying or often embrace rude(a) cultures from all over the world. (Diane L. , 2011). 2Majority of the people in the Netherlands speak English and more often than not other European languages. Dutch people tend to be very common soldier this however does not mean they are not welcoming manifestly value their privacy and respecting the privacy of others.The Dutch are to a fault not known for their display of wealth for this reason it is very breathed to line between the well to do and poor in the Dutch society. 4. scientific Analysis Modern technology has been a study cause of the permute in living standards in most countries. The Netherlands care umpteen other developed countries has taken full advantage of this phenomenon to create a plainly comfortable life for its citizens. One of the key tools that look at played a monumental part in this transformation has been the profits.Since the creation of the World full Web in the early 1990s, the Internet has been transformed from a genuine communication tool into an undeniably incredible technology. The internet has since single handedly managed to alter the way communication, agate line is done in todays world. Since its inception, many tools moderate been developed to enable the conduction of course through the internet one of which is e-commerce. E-commerce is a collective term use to describe the ver satile methods of making online payments. E-commerce adopts trading convenient and substantially reduces the costs involved in making trades. . Ecological Analysis The ecological rules for doing profession in the Netherlands collapse been tightened in recent years environmental health and safety feed become very important. Businesses that wish to operate in the Netherlands have to pose to these strict rules (HACCP rules) or face sanctions and fines. The ISO standard was introduced in the Netherlands in 2005. The ISO standards have a lot of requirements for management systems for the food industry in the Netherlands, these jockstrap to ensure safety in food chains. Alternative packageAlternative packaging is a hot topic in the fast consuming safes industry. Paper, tinned typography, idea box and plastic box are still frequently utilise in chocolate industry. However, in recent years, moves have been made to supplant paper with PP material, which is cheap and excellent at protecting chocolate from heat. On the other hand PP material ages easily and has a tendency to function in commencement temperatures. 6. Political The Dutch government is what one calls a monarchical government, meaning that it is not only comprised of the ministers and the state secretaries, however also the monarch, Queen Beatrix.Another term for describing this is a constitutional monarchy with a parliamentary system, whereby the constitution has determined how the powers are divided between the Queen and the other institutions of the government. (Holland Handbook, 2011) 2 The cabinets responsibilities are preparing and implementing legislation, overseeing the local government, carrying out the day-to-day business of government and maintaining multinational kinship. There are two houses (the Lower dramaturgy and the Upper House) in the Parliament.The Lower House is elected directly by people and the Upper House are elected by the members of the boor councils. The two Ho uses of Parliament have been given 4 corrects the right to launch a bud film the right of interpellation the right to put questions to ministers and state secretaries and the right of inquiry. Furthermore, the Lower House has been given two additional rights the right of amendment and the right to propose legislation. (Holland Handbook, 2011)2 The Netherlands not only has a central government, save also provincial and municipal government and the water boards.The central government is responsible for national interest. The provincial government concerns social work, cultural events, environmental management, energy and sports. The municipal governments occupies traffic, housing, social services, health care, water supply, education and recreation. In army to secure these activities, the provincial government and the municipal government capture fund from the central government and levy tax. The aspect is deserve to be noticed before found a marketing plan is the Netherlands op erates the homogeneous taxation system as all European countries.Currently, the standard vat rate is EU is 19% with a reduced rate of 6% only applying for certain goods and Service. (Government Profile 2011) Upon business-based aspect of Dutch politics, a change of government does not usually impact domestic and international business dramatically. All in all, the Netherlands, as a the gateway to Europe, the government protects and supports its development by emphasizing strongly on tax law, health, childbed, company , commercial, civil, environment and intellectual property matters. 3. Competitive Analysis-Applying Porters five forces . 1 Threat of risingfangled entrants The brat of raw entrants to Godiva can be examine from the following aspects Supply-side economies of scale Godiva chocolates are produced in Belgium and the USA to satisfy command worldwide. However, the companys products which are strength goods are not produced on a large scale, this results in the fl ash-frozen costs per unit macrocosm relatively high. A new entrant could use this to their advantage by producing relatively more and competing on value. Capital requirement a large sum of money is needed to establish a complete producing line.A new entrant exit have to fund, fixed costs such(prenominal) as factory and machines, variable costs such as raw material, labor force, and advertisements. In addition, chocolate scattering is not easy. supernumerary considerations interchangeable the temperature, and impose on _or_ oppress during transportation, testament need to be taken into consideration. This volition demand more requirements from a Third Part Logistics provider which lead result in a high statistical distribution fee. When all these factors are considered, the threat of new entrants to Godiva is not high. 3. 2 Bargaining power of suppliers The bargaining power of Godivas supplier is high.The reasons are numerous. The key raw material for the production of cho colates is umber beans these are grown in South America, Africa, and Middle East Asia. However, Godiva uses only high quality cocoa beans in the production of its chocolates and these are hard to come by, so once a supplier is selected, a corporative relationship is cultivated in order of battle to maintain a long business relationship. The bargaining power of raw material supplier is accordingly high since the supplier can easily decide to divvy up his cocoa beans to Godivas competitors. 3. 3 Bargaining power of buyersThe diversity and highly distinguish chocolate products of Godiva keep the bargaining power of node at a low level. As one of the most renowned Belgian chocolate producers with true-blue nodes worldwide, when buyers think of buying chocolate with wonderful flavors and elegant packaging, they think Godiva. akin as Victorias secret and Starbucks, Godiva mainly focus on creating surprise, passion, and excitement around its carry (Philip Kotler, 2008). 9 It is al so difficult for buyers to integrate forrad into Godiva due to its special handmade product line.The bargaining power of buyers is therefore low. 3. 4 Threat of substitutes Although modern market full of hundreds of chocolate producers with very competitive products, Godiva still has a stable market share. Godiva achieved this by locating its self away from mass markets and associating its brand with other luxury brands desire Armani Exchange, Victorias secret, Bose, Tiffany & Co, Coach, and so on. These companies share common characteristics, such as portrayal of desirable luxury in their product design or taste and their high, but not too expensive price range.Godiva does not consider mass market products like Mars and Snickers its substitutes but sort of luxury gift items like champagne, expensive jewelry or products from other high-end chocolate brands like Guylian, Neuhaus, and Leonidas, when these other product are considered the potential threat is high. 3. 5 Industry comp etitors The industry competitors at the same level as Godiva are few. However, Godivas product assortments are more deeply differentiate than that of the others. The cost of switching from other brands to Godiva for a node is relatively low.Godiva spreads its fixed costs per unit by producing large quantities compared to its competitors because of this Godivas prices have remained competitive. In addition, Godiva has over 450 special stores and more than 1000 retail shops, which have already taken up a sizeable market share. All these factors considered makes Godivas, travel barrier relatively low. However, rivalry is expected to intensify when competitors launch marketing strategies such as price changing, publishing new products, and improving guest service.Especially during special holidays like Easter, each company pull up stakes launch new product to attract more market segments. 4. Competitors analysis Among the competitors list, the strong competitors of Godiva in the Ne therlands are Neuhaus, Leonidas and Guylian 1. Competitor one Guylian Guylian chocolates are sold in over 100 countries across Europe, Asia, Australia and America. It is one of the top ten best sell boxed chocolate brands, and often seen onValentines day, Mothers day, Easter, Christmas and other popular holidays. 17 Products Guylians chocolates range includes the world famous chocolate Sea Shells, truffles, assorted pralines, bars and many other epicure creations. All made inBelgium with the finest Belgian chocolate. Strengths Strong brand label senior high quality chocolate made by pure cocoa butter Highly distinctive chocolate like Sea shells and sea horse cavalry, sugar- put out dark chocolate Available in most major high street retailers, including supermarkets, hypermarkets, department stores, specialty food stores, petrol stations, duty free shops. Weaknesses online-shop are not accessible Marketing schema Constantly launching new accessories to conglomerate cus tomers special requirement. Special holidays, for instance, Guylian designed new greeting cards and chocolate boxes to enrich their product display. leaven product line by producing luxury sea shells and sea horse chocolate. Enhance public realization through taking part in different product exhibitions and social activities. 4. 2 Competitor two Neuhaus The Neuhaus conference is an independent manufacturer of pralines and other chocolate delicacies in the luxury chocolate sector.It is established in over 50 countries with 1500 sales outlets. 10 Products Neuhauss chocolate products consist of Pralines, Ice unction, Confectionery, Boxes, and other chocolate. Strengths Very strong brand name which has over 100 years Belgium Royal chocolate Deeply differentiated product line Concentrated on their core products Neuhaus products are available in many boutiques, department stores, shop centers, airports and online- obtain center. Favorable access to distribution networks Well no nionized online customer service Weakness Fewer specialty stores in the Netherlands. Price is comparatively high. Niche market share Marketing Strategy Focus on their core business Special customer service offer corporate discounts starting for order of $1000 or above Provide free customize gift card with logo Use newsletter to receive customers feedback and improve their products. sanction customers buying chocolate go away be delivered neighboring morning. 4. 3 Competitor three LeonidasLeonidas is a world-renowned chocolate maker. It is famous for its freshness, unselfishness and traditional taste. Its selling over 100 different kinds of Belgian chocolate through 1,400 outlets around the world. 11 Product Butter cream chocolates Special cream chocolates Ganache chocolates candied fruit Marzipan Liqueur cream chocolates Cream caramel chocolates Pralines Plain chocolate Strengths Clarify assortment of products according to ingredients, design, do and taste. Good reputat ion among customers With 250 specialty stores in the Netherlands, customers can buy their products at any city Price is acceptable even for personal use Weaknesses Online shop is not available European market too stark(a) Marketing Strategy Launched a new premium product line L, smaller and more refined chocolate, similar to Godivas G collection (Chang Sub Kim, Deyeon Kim, March, 2008) Clear organization mission A snow of freshness, generosity and tradition Large number of shops to create a feel of A word of chocolate is closer than you think for customer . SWOT ANALYSIS Strengths Weaknesses Environme ntal .Efficient and impelling distribution channels and sassy taste systems High-quality product Healthy product . High market share . rummy taste . unique(p) design . Product specialty . Existing marketing policy . High market share .New Marketing policy OrganizatOpportunities Threats ional Expanding the market .Subs titute product . Product Diversification . Competitors . Product accompaniment 5. 1 Strength Healthy product Godiva Hong is has health benefits according to Chinese medicine the red beans that we pass on utilise in the new chocolates have health improving effects. Scientific research has proven that the red beans are a good source of protein, alcohol-soluble (and insoluble) fiber, folate (vitamin B12), magnesium, potassium and a number of other health promoting nutrients.The researchers reason that it reduces heart attack by more than 80% 16. According to factory farm researcher Ronald Prior, red beans contain even more proanthocyanidins than blueberries, cranberries, and small beans 16. So it is one of our most important strong points that we exit be providing health with taste. High quality Godiva is already famous for its high quality products. Godiva Hong, go away offer customers the same quality in taste and exquisite design of its packaging. Godiva considers its quality as one of its strengths because it already has a satisfied centre of organiseed consumers its experience in this field becomes its strength.Efficient and effective distribution channels and systems Godiva has a very efficient and effective distribution system. Godiva Hong can be coherent online from Godivas official website or other websites. It can also be ordered via call back. Existing marketing policy Godiva has various strategies for marketing its products. The company has its own website that has a web shop, they also have a archive system their catalogs are released usually in the fall, holiday, Valentines Day, Easter, spring, Mothers Day and summer periods. During the holidays 10 million books are circulated. Godivas most recent data card lists 35,200 catalog buyers from the last 12 months.They are also well equipped with seasonal promotional offers and strong media coverage policy. 13 This be marketing policy result be apply to help promote Godiva Hong. drol l taste The new product has a rich chocolate coating outside with traditional Godiva flavor and a red bean paste inside. It ordain have an aroma that evokes interest, curiosity. The product will merge the unique taste of odoriferous red bean with the traditional rich taste of Godiva dark chocolates. Unique design The packaging for Godiva Hong will be an elegantly designed bamboo box covered in red silk. In Chinese tradition the color red symbolizes warmth, passion and luxury.The design and color of our package is to stir up these feelings in our clients. The use of Chinese materials in the packets of Godiva Hong will give it a unique texture pic Product specialty The color and all other materials that will be used for Godiva Hong will represent the brands luxury and excellence. Color, design, materials of Godiva Hong will be a perfect representative of Chinese culture also. High market share According to the annual report of 2006 Godivas market share is in good position and its in creasing 15. So it is a strong point for the new product. Well organized Godiva boutique established its image as a luxury good it attracts a huge amount of customer.We will make it stronger using our effective marketing policy. New Marketing policy Godiva has media plans including image and tactical bring out in various magazines such as Vogue, In Style, Harpers and self-love Fair, and also regional newspapers during the holidays. Direct mailing is done to support well-nigh product launches 13. Exhibitions will also be organized in several obtain centers and our boutiques, free experiments will be given to incumbent customers when they visit our boutiques to buy our other well-known products. Godiva Hong will also use product place and sponsorship to have-to doe with its objectives. 5. 2 Weakness New taste Our main weakness is the new unfamiliar taste.This taste is familiar with Chinese people but for European people it will be a totally new taste. It is a weakness that we need to outstrip by promoting this new taste in an attractive manner Well organized promotion, attractive packaging and designing. We will also maintain and combine the actual taste with the new product and also the same aroma so that the living customer can identify this new product as a part of Godiva. 5. 3 Opportunities Expanding the market After Godiva Hong has gained enough recognition with the current customers of Godiva, the place market will be waveed to include schoolboyish customers (20-30) to expand our customer segment. Product DiversificationWe will diversify our product portfolio in future by promoting more new taste inside Godiva chocolate. This will open an opportunity for us to enrich our market share. Product extension In future we will look forward to extend our product to more diverse product line. We will make Ice-cream Hong, Candy Hong and more. 5. 4 Threats Substitute product Godiva Hong is a luxury product, the company considers other luxury products li ke Champaign or flower bucket its substitute. The relative price and performance of these substitute products are a threat. Still we can overcome this threat by maintaining our customer oriented marketing policy. CompetitorsIn Netherlands competitors like Neuhaus, Leonidas and Guylian are able to cause great threat to Godiva because of their brand lay and quality production. Still we can overcome this threat by establishing the uniqueness of the new chocolates with the new unique taste and its strong brand locating policy. 6. Marketing Strategy 6. 1Marketing Objective 6. 1. 1 Awareness Objective In 2012, Godiva will embark on a campaign to introduce its customers in the Netherlands to a new line of oriental themed chocolates called Godiva Hong. 6. 1. 2 Sales Objectives adjoin overall brand sales by 3% with the introduction of Godiva Hong by the second quarter of 2014. Widen target market for Godiva Hong by commission mainly on young adults (ages 20 30) by 2016. 6. 2 Marketing S trategy Since Godiva Hong is a new product, creating awareness for it will take a front seat in the companys promotional activities. The product will be introduced through Advertisements, Exhibitions and Social Media. The product will earlier be introduced on the companys website and its customer catalogs. The advertising for Godiva Hong will focus on staying true to Godivas position as a high end chocolate brand that is unique and glamorous. The adverts will petition to the customers emotions by branding the product as a luxury treat.The adverts will be telecast on all major Dutch television channels at prime times. There will also be adverts about Godiva Hong placed in luxury magazines the company already advertises in they include Vogue, Forbes, In Style, Harpers and Vanity Fair. The company will strike a deal with KLM to distribute free consumes of Godiva Hong to their first classify passengers. A similar deal will be struck with some 5 star hotels in the Netherlands to put free samples of Godiva Hong in welcome baskets. Exhibitions will also be organized in several shopping centers and our boutiques, free samples will be given to current customers when they visit our boutiques to buy our other well known products.These exhibitions will also be used to attract new customers, and will give the company the opportunity to get feedback from our customers on what they think of the new product. The sales objective will be achieved with the aid of social media. by dint of data and tests conducted in the past the company has managed to form a very good picture of who its current customers are. Through these tests they know demographic figures such as, 75% of our current customers are over the age of 32, 60% have children more than 85% have undefiled college. They also gathered some psychographic information such as these customers delight in to indulge but are still health conscious.With the aid of this data, the company will communicate individually with these clients through social media (Face book, Twitter and blogs). The new product Godiva Hong will be introduced to them, as a treat with exquisite taste, the health benefits of the new product will also be punctuate while asking them questions and using their responses to improve on the marketing strategy. Godiva will also use product placement and sponsorship to meet its market involution objectives. The company will hire the services of popular Dutch celebrities like artistes Nick and Simon by placing the new Godiva Hong in some of their videos. This strategy is to help make Godiva Hong attractive to young adults.These are the tools Godiva will use to meet its marketing objectives for Godiva Hong. The company will focus first on its current clients and when enough attention has been created on the product in that domain it will widen its target market to include young adults. 6. 3 invest market and Positioning The people of Netherlands like other European countries will conti nue to embrace the consumption chocolates in search of indulgence. In recent years, chocolate consumption is being enhanced by a increment demand for healthier, higher quality products that incorporate new tastes. These circumstances in the Dutch market offer a good opportunity for candy store products like Godiva Hong.When Godiva Hong is introduced its primary target market will be the current customers of Godiva products in the Netherlands. After the product has gained recognition and acceptance from the current drove of Godiva customers the target market will then be widened to include young adult (people between the ages of 20 and 30 who have just started operative careers). Godiva Hong like all other Godiva products is an upscale luxury product, and like the other products will be positioned as such. The aim is to strengthen the products position as a high-end product that customers will be high to buy. 7. Marketing accomplishment plan 7. 1 Description of productGodiva Hon g is an oriental themed chocolate with mellisonant red bean paste and a rich dark chocolate coating. kind of of traditional nut, alcohol, walnut or jam plectrum, GOVIDA is going to use sweetened red bean paste. It is a healthy traditional Chinese filling in Baozi, Zongzi, Yuanxiao, moon cakes and other snack. It is sweet, soft and melts smoothly in the mouth. The packaging for Godiva Hong is an elegantly designed bamboo box covered in red silk. 7. 1. 1 Product Classification Godiva already has several different product lines chocolate assortments and truffles chocolate bars chocolate treats biscuits, coffee, and cocoa dark, milk, and white chocolate gifts and bake desserts.Godiva Hong is a new product with a brand extension strategy that appeals to existing market. It is a new product in the chocolate collections& treats product line. In addition to chocolates, Godiva also sells truffles, coffee, cocoa, biscuits, dipped fruits and sweets, chocolate cordial, shakes, wedding and party favors and other items arranged in gift baskets. Godivas signature package is the gilded Ballotin (French for small, elegant box of chocolates). Godiva also produces seasonal and limited-edition chocolates with special packaging for all major holidays. Godiva also has license for the production of ice cream, cheesecake, coffee pods and liqueur that comes in several chocolate-related flavors. (Godiva, 2012) 7. 1. Package Because the target market of Godiva Hong is middle and high class people, the packaging was designed to unique and elegant in order to evoke a sense of luxury. Chinese elements were added to the design in order to give an inclination to the origin of the product On the wrapping paper or baskets, the Chinese knotting will be presented. Also environmentally friendly, materials such as bamboo will be used in the design for the packaging So our traditional package for present product line is break in changed as red for main color. 7. 1. 3 Service Several speci al services are provided as follows Online and telephone order.Customers can order Godiva Hong online or via telephone, due to a standing contract the Godiva company has with UPS they can be assured of a timely delivery. render card. Beautiful gift cards and exquisitely-designed packages can be sent with every order at the customers request. Unique design. Customers can get involved in the production of their chocolate orders by designing the chocolate shapes themselves with the aid of our chocolate design software online. prognosticate and blessings. Names and blessings can be carved into the chocolates or the packaging upon the customers request. 7. 2 Price The main purpose of price strategy is to price Godiva Hong at an acceptable level, while aiding in the promotion of the product 7. 2. 1 Pricing strategy for GodivaGodiva Hong seeks to attract customers who are willing and proud to pay a little more for high quality product. Our target customers are the current Godiva cus tomers mainly middle and high class people who are looking for high quality chocolates as gifts for birthday, wedding, special events and business purposes. The price of Godiva products has stayed stable over many years. This proves Godiva has a strong brand image that does not compete on price. 7. 2. 2 Pricing for Godiva Hong Godiva Hong is a new product with a brand extension strategy that appeals to existing market. So, the price of our new product will be set to meet the consistency of existing product in the chocolate collections& treats product line.Price for Godiva Hong bead Easter Egg 25 Enchanted Easter Gift basket 90 Signature Chocolate Truffle Assortment 40 Gift Box 3070 of different sizes Delights Gift Basket with alternate 75 Price for Godiva Hong and competitors (cooperation as small size gift box) Godiva Hong 40 Neuhaus 48 Leonidas 36 Guylian 20 101117 7. 3 Place The main purpose of our place strategy is to choose the best distribution channels to sell Godiv a Hong. 7. 3. 1 Traditional distribution channellocal malls Thanks to our existing local malls which provide maturity distribution channels, Godiva Hong can be bought wherever and whenever the customers want to purchase it. 7. 3. 2 New distribution channel online and telephone orderIn recent years, online and telephone orders have attracted a lot of attention. According to Godivas last marketing report, the quantity of orders through these two new distribution channels is increasing year by year. So, it is a good pickax to sell Godiva Hong also through these two new distribution channels. The customer can just log in our online order website to buy chocolate as the follow http//www. godiva-online-store. eu/index-en. htm. Due to the contract with UPS a timely delivery is assured. Other services provided on the website are gift cards. The customers can just buy it on the website. It has 30, 50, 100 different choices. 7. 3. 3 New distribution channel co-worker websiteThe customers ca n also buy Godiva Hong on other websites as follows Gift for euro Pick up flowers Gifts n ideas These website are co-operating with our company. So the customers can buy Godiva Hong from these websites when they buy some other gifts and flowers. 7. 3. 4 New distribution channel Fashion event& business press release Godiva is co-operating with event organizers for fashion shows and business press releases. Association with these events is to aid in the extension of Godiva Hongs the popularity as a luxury brand. Also, the patrons of these events make up our core clients so, sales could also be generated by selling Godiva Hong at these events. 7. 4. PromotionThe main purpose of our promotion strategy is to introduce Godiva Hong to existing customers and potential consumers. 7. 4. 1 Marketing channel advertisements Advertising is Godivas traditional marketing channel. Advertisements have had tremendous impact on sale of Godiva products. So we will still adapt this marketing channel. The commercial advertising will be concentrated in following Medias Television. The period of time that we will advertisement will be related to special event such as Easter, Queens Day. Magazine. The magazines that we will consider are included Vogue, Forbes, In Style, Harpers and Vanity Fair this kind of high-fashion magazines. Internet including social media.Social Media channels such as face book or twitter will be used to communicate to our clients individually on the merits of Godiva Hong. 7. 4. 2 Marketing channel The shopping center exhibition Promotional exhibitions are also an important marketing channel for Godiva. It is soon April. Several holidays, such as Easter, Queens Day, are in the April. We will have promotional events in shopping centers where our shops exist. The customers can have tasting sessions for Godiva Hong in our shop for free. Feedback will be gathered from them on how to further improve the product or its marketing strategy 7. 4. 3 Free sample deliv ery Several main strategies are utilise to improve the popularity of Godiva Hong for the first three months. Strategy oneExisting customers, who will buy our traditional products, will have a small Godiva Hong sample for free. Strategy two According to the last six months order records, the Godiva Hong sample will be sent to those customers as a gift, who ordered other products of chocolate gift baskets, seasonal gifts, gifts by occasion and business gifts product lines. Strategy three In the airport, the Godiva Hong sample will be provided in the first class of KLM. Strategy four In some international 5-star chain hotels, the Godiva Hong sample will be provided as a gift in the welcoming basket. 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